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I echo this sentiment, but when all major central banks are printing? And the Fed is buying equities? There's some sort of brinksmanship going on that I find hi
by marktangotango 6y ago
I echo this sentiment, but when all major central banks are printing? And the Fed is buying equities? There's some sort of brinksmanship going on that I find highly disturbing. Also seems like there's a large amount of will to keeping the party going indefinitely.
- hpkuarg 6y agoThe Fed isn't buying equities. You could maybe argue that the bond ETFs that the Fed bought are "equities", but they aren't really. They're just working to keep interest rates low across the board, from the federal funds rate up to corporate bonds.
- erentz 6y agoNot buying directly yet. But they do now accept equities as collateral. And they are buying all the bonds of zombie companies which in effect props up the equities of those companies.